K2 Management (K2M), a leading global renewable energy engineering and project management consultancy, has completed due diligence on Taiwanese insurer Cathay Life’s investment in Greater Changhua 4—a 583 MW offshore wind farm in Taiwan. 

Cathay Life has now become a 50% shareholder in the project alongside Ørsted, a leading Danish renewable energy company.

The Greater Changhua 4—northwest wind farm, located 50 km offshore in the Taiwan Strait, is currently under construction and due to enter operation in 2025. This investment—the largest made by a Taiwanese corporate to date—demonstrates the benefits, including financial strength, technical expertise and industry best practices, that collaboration between international and local investors can bring to Taiwan’s rapidly growing offshore wind industry. 

For Cathay Life, K2M provided full-scope technical due diligence to support and de-risk this landmark investment. This two-year due diligence phase included reviewing the wind farm's projected energy yield, technical performance and associated contracts.

A representative for K2M added, “This significant investment will help bolster the industry and accelerate Taiwan’s renewable energy transition, and we’re delighted to have supported Cathay Life on this important project.”

This is the first project K2M has completed for Cathay Life under a long-standing Technical Advisory framework agreement between the two.